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Problem: On October 31, the stockholders' equity section of Pele Company's balance sheet consists of common stock $379,200 and retained earnings $441,500
Pele is considering the following two courses of action:
(1) Declaring a 6% stock dividend on the 94,800 $4 par value shares outstanding
(2) Effecting a 2-for-1 stock split that will reduce par value to $2 per share.
The current market price is $14 per share.
Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.
Journalize the following selected transactions completed during the current fiscal year:
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accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory
arden corporation just received a special order to make 7500 units of a specialized calculator. direct materials cost
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Management at Kudler Fine Foods has reviewed the flowcharts prepared for payroll, accounts payable, accounts receivable, and inventory processes in Week Two and is requesting information on controls that will be required.
During the year, Xero, Inc., experienced increase in net fixed assets of $300,000 and had depreciation of $200,000. If operating cash flow (OCF) for the year was $700,000, compute firm's free cash flow (FCF) for the year.
during the year eugene had the four property transactions summarized below. eugene is a collector of antique glassware
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